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Monthly Archives: September 2016
Trillions wasted on gimmicks–real world emaciated by investment drought
Since 2007, Central banks and governments have been like reckless dam operators indiscriminately flooding good money after bad through global asset markets. All of this has been added to the debt tab and diverted capital from substantive investment in things … Continue reading
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Stock promoters attract gullible believers
While market cycles, valuations and careful discipline drive financial results over time, stock promoters and soothsayers promising to pick ‘winners’ attract gullible followers the world over. ‘Twas ever thus. This example from China is classic human behavior. Li Daxiao has … Continue reading
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Bank cross-selling bankrupting our nations
Our daughter started her first year of university last week. Talking to her last night she complained that the campus is inundated with representatives from all different banks trying to sign students up for credit. She said that kids can’t … Continue reading
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